Finance

Intu plots huge push into PRS market to increase land values

By 2018-10-23T10:49:00

The Mall, Cribbs Causeway

Intu, the shopping centre giant in the midst of its second takeover bid in less than a year, is set to enter the private rented sector (PRS) market in an attempt to create additional value from land around some of its malls.

The group, which is currently considering a consortium bid led by its deputy chairman and Peel Group founder John Whittaker, has identified land with the potential for around 5,000 residential units on land around six of its out of town centres as well as almost 600 hotels rooms.

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